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...In recent months, its owner PDD Holdings, which is listed in New York, briefly traded places with Alibaba as China’s most valuable ecommerce company....
...The loss before tax was due to the increase in finance costs and operating costs in the year.”...
...Many owners face succession challenges or want to raise new capital to finance improvements to their stadiums and surrounding real estate....
...The billionaire British co-owners of supermarket Asda borrowed millions more from their petrol station company EG Group to repay debt they took on to buy two private jets....
...Mobico, which rebranded from National Express last year, said Helen Cowing, the former finance boss at vending machine company Selecta group, would replace Stamp on an interim basis, noting she was experienced...
...But legacy owners appear to have faith in the new private equity owners....
Profits at Nasdaq-listed Chinese ecommerce group soar 146% in three months to December
Joint-venture partners plan to invest $5bn by 2030 and cut costs through increased local sourcing
...Macquarie’s investors lent about £130mn to the utility’s holding company Kemble Water Finance Ltd in 2018 and 2020, according to a person familiar with the situation....
...Amer Sports, owner of brands including Salomon, Wilson and Arc’teryx, has filed for an IPO on the New York Stock Exchange....
...The increasingly intertwined worlds of football and finance came together this week in London for our annual Business of Football Summit....
...Climate finance Banga’s private sector charm offensive Ajay Banga started his five-year term as World Bank president less than a year ago....
...Yet Reading’s grim finances are in keeping with the broader landscape in English football, where most clubs rely on wealthy owners to cover consistent shortfalls....
...The owner of the Irn Bru, Rubicon and Tizer brands recently posted a bump in sales and earnings in a bubbly results statement for the 2023 calendar year in March, its last under the leadership of Roger White...
...The Mayor of London has set aside £210mn for a scrappage scheme, under which car owners can apply for up to £2,000 and motorcycle owners £1,000....
...Failing finances have attracted the attention of the UK government, no less. To the chagrin of the Premier League, the UK is poised to set up an independent regulator for English football....
...The episode prompted Dame Alison Rose, chief executive of Coutts’ owner NatWest, to resign and put a political and regulatory spotlight on the issue....
...For SIG, no Chinese start-up has been a bigger winner than TikTok owner ByteDance....
...“It’s going to be a problem to get some of these refinancings done,” said John Duncan, who heads the real estate finance practice at law firm Polsinelli....
...Pete Hahn Emeritus Professor of Banking & Finance London W9, UK...
...Shares of Coach’s owner Capri traded up to $54 per share. Now they’re below $37....
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...The move comes as the US Congress prepares for a Saturday vote on a bill to ban ByteDance-owned short video app TikTok if it is not divested to a non-Chinese owner....
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